Owning and maintaining your vehicle is often costly, but it shouldn’t leave you broke. You might
have been advised on how to lower your auto insurance premiums but the strategies are not
working. Here are some unique tips that will save you lots of cash.
1. Avoid making monthly payments
The high cost of insurance might make you feel that paying on monthly basis is the best way,
but it isn’t. When you pay monthly, you attract add-on fees too. If you want to evade these extra
charges, ask to be billed every half a year or yearly. In case the large bill makes you scared, you
can choose to save the monthly payments in a savings account and remit it after either six or 12
months.
2. Improve your credit rating
Many insurance companies include credit scores in their criteria for determining the cost of their
insurance premium. If you want a great deal, ensure that you are in good standing credit-wise. If
there is an error on your credit reporting, contest the mistakes.
3. Guard your car from theft
Cars that have alarm systems on them or those kept in garages are less likely to be stolen.
Therefore, the insurer will also charge their owners less amounts. Make sure you inquire from
the insurance agent the qualities they use to gauge a theft deterrent vehicle.
4. Work your connections
Are you a teacher, a militant or in any kind of professional group? If yes, talk to your insurance
company and the employer to find out if there any kids of group insurance discounts you can
leverage. You will end up saving sums you couldn’t have imagined.
5. Drive less
Are you an occasional driver? If so, let your insurer be aware of this. Less time on the road
translates to less auto insurance payments. In case you are a carpooler you should also report
this.